“We must cut our taxes, reduce economic burdens and restore America’s competitive edge,” Trump said during a November speech in Missouri.
“We’re going to do that, too, and it’s already happening. Look what’s happening with our markets. People get it.”

At that point, the Dow Jones was up 21 percent over the course of his presidency, and it would continue spiking upward for the next few weeks. But
Trump promised more.

“These massive tax cuts will be rocket fuel,” he said, “rocket fuel for the American economy.”

Trump’s favorite measure for the health of the economy over the course of 2017 was those same markets, which seemed as though they were never again
going to go down. Until they did — about 40 days after that rocket-fuel bill was signed into law. In early February, the markets sank, kicking off
what has been a prolonged stretch of volatility.

Between Trump’s inauguration and the signing of the tax cut bill, the Dow, S&P and Nasdaq had increased by 19.9 percent, 15.4 percent and 20.2
percent, respectively. After, through the market’s close on Monday, they had fallen by 1.9 percent, 2.2 percent and 2.7 percent.

They went back up Tuesday but were still down since Dec. 22. Between Sept. 11 and Dec. 22, the Dow, the S&P and Nasdaq rose 11 percent, 7 percent and
8 percent, respectively. During the same number of market days after the bill was signed, they were all down.

At close of market on Monday, each measure was off its 52-week high by at least 9 percent. Before the bill’s signing, none of those indexes had been
down more than 3.7 percent off its 52-week high.

Here's one of the many economic graphs posted in this article

As you can see there is steady growth all the way up to Trump's tax cuts. Then a month later, a bunch of volatility. It's not like we didn't call
this back when Trump and Republican Congressmen were ramrodding this bill through Congress before anyone could read it. When your economy is at near
full employment, squeezing any more juice out of it is a just wasted effort. Of course this is yet ANOTHER example of supply side economics being a
huge disaster for the country. Fortunately we haven't hit a recession yet, but I wouldn't be surprised if one is around the corner in a few years. I
said it then and I'm going to repeat it now: Fixing something that isn't broken is STUPID!

Now we all have to deal with the consequences of conservatives voting themselves more (debt financed; can't forget that this bill adds over a
trillion dollars to the national debt too) money instead of sticking to their principles about fiscal responsibility.

Market was to high to begin with, to many years of the fed pumping money directly into the market coupled with artificially suppressed interest rates
screwed any middle class person that put money away.

I am much happier to see soft corrections than a continued fake rise in the numbers followed by a sudden big correction.

I am not surprised. Tax cuts are actually a disincentive to work harder. If you can work less and still make the same amount of money that is what you
are going to do. Of course some people just want more and more money, even if they don't need it, but most people are content if they have enough to
remain secure.

I, on the other hand, and both surprised and pleased how little the market has dropped.

This is nice, but we aren't that far removed from the tax cuts passing yet. It took 7 years for Bush' tax cuts to break our economy. And while we were
riding high that entire time, the reckoning DID come and it hurt IMMENSELY.

Considering that a market correction was due no matter whether there was a tax cut or not, no matter a trade war with China or not, the market
seems to me very stable.

Connecting the market dropping to tax cuts is laughable.

Actually it is more likely due to Trump's ongoing shenanigans and desire to start trade wars, but the point of the thread is to show that Trump's
promises for the economy aren't materializing.

I, on the other hand, and both surprised and pleased how little the market has dropped.

This is nice, but we aren't that far removed from the tax cuts passing yet. It took 7 years for Bush' tax cuts to break our economy. And while we were
riding high that entire time, the reckoning DID come and it hurt IMMENSELY.

Considering that a market correction was due no matter whether there was a tax cut or not, no matter a trade war with China or not, the market
seems to me very stable.

Connecting the market dropping to tax cuts is laughable.

Actually it is more likely due to Trump's ongoing shenanigans and desire to start trade wars, but the point of the thread is to show that Trump's
promises for the economy aren't materializing.

Oh, the Bush tax cuts broke the economy.

So we're just gonna ignore Fanny Mae and Freddie mac, that Barney Frank ignored the signs, and Republicans asking for more regulations on them?

I, on the other hand, and both surprised and pleased how little the market has dropped.

This is nice, but we aren't that far removed from the tax cuts passing yet. It took 7 years for Bush' tax cuts to break our economy. And while we were
riding high that entire time, the reckoning DID come and it hurt IMMENSELY.

Considering that a market correction was due no matter whether there was a tax cut or not, no matter a trade war with China or not, the market
seems to me very stable.

Connecting the market dropping to tax cuts is laughable.

Actually it is more likely due to Trump's ongoing shenanigans and desire to start trade wars, but the point of the thread is to show that Trump's
promises for the economy aren't materializing.

originally posted by: Bluntone22
I would say it's way to early to judge the effectiveness of the tax cuts.

So where is the promised 4% growth? You do know that in order to see such high growth the volatility we are experiencing now goes a long way to making
it impossible right?

It has been 3 months.

Do you even have conceptual idea of what a 4% growth graph will look like? You know that slope you see pre-tax cuts in the graph I posted? It would be
MUCH MUCH steeper and set backs like recently would go against that promise. Keep in mind that in order for these "taxes to pay for themselves" we
need to have that 4% growth (actually I'm pretty sure that is only to MERELY see the $1 trillion in debt added, but things are dicey there). The fact
is that you just can't admit that the tax cuts were a bad idea.

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